FOMC

Fed’s Bowman willing to look through war-driven inflation bump

Fed’s Bowman willing to look through war-driven inflation bump

Bloomberg News Processing Content Key insight: As concerns about inflation take center stage for other monetary policymakers, Bowman’s perspective shows that some Fed officials are still willing to consider rate cuts in the near future. Expert quote: “It is appropriate to look through temporarily elevated inflation readings largely due to higher energy prices, provided that […]

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Bond traders bet Fed under Warsh will hike rates this year

(Bloomberg) — Bond traders are fully pricing in an interest-rate hike by the Federal Reserve this year, a sign of conviction in the market that Chair Kevin Warsh will need to move quickly to combat inflation. Processing Content Traders boosted their bets for higher rates on Friday after Fed Governor Christopher Waller — among the

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Fed bank presidents face risk of removal on Trump’s maneuvers, Brainard says

(Bloomberg) — Former Federal Reserve Vice Chair Lael Brainard suggested there’s a real risk of multiple Fed district bank presidents getting removed from office next year as a result of politically charged maneuvering by President Donald Trump. Brainard, who served on the Fed board from 2014 to 2023, spoke a day after Trump moved to

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Summers sees Trump naming ‘respected’ replacement for Powell

Summers sees Trump naming ‘respected’ replacement for Powell

Former Treasury Secretary Lawrence Summers said he expects Donald Trump to name a mainstream candidate to replace Federal Reserve Chair Jerome Powell, despite the president’s bashing of the U.S. central bank leader for failing to cut interest rates this yearBloomberg News Former Treasury Secretary Lawrence Summers said he expects Donald Trump to name a mainstream

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